Do you think that gaap and ifrs should converge

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Reference no: EM133360228

Currently, the two major sets of rules related to accounting are Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS). How do the two systems differ? How are they similar? Do you think that GAAP and IFRS should converge? Explain. Participate in follow-up discussion by adding new information that supports or challenges the assertions made by your classmates. Your initial post should be 250-500 words, include at least one reference, and demonstrate solid academic writing skills.

Reference no: EM133360228

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